Case Page

 

Case Status:    DISMISSED    
On or around 03/24/1998 (Date of order of final judgment)

Filing Date: June 04, 1997

According to the firm's 10-KSB for the fiscal year ended March 31, 1998, on March 24, 1998 the United States District Court in Minneapolis dismissed the Complaint with Prejudice.

The original complaint alleged that Electroscope, the issuer of the common stock; John G. Kinnard & Co., the lead underwriter of Electroscope's initial public offering; and the members of Electroscope's board of directors violated the Securities Act of 1933 because Electroscope's Registration Statement and Prospectus included materially false and misleading statements, and omitted to state other facts necessary to make the statements therein not misleading, regarding, among other things, net revenue growth which was inflated by a one time sale to its distributor to stock inventory, and reduced net revenue which would be reported for the first fiscal quarter ended three business days after the initial public offering.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ESCP
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Minnesota
DOCKET #: 97-CV-1343
JUDGE: Hon. Ann D. Montgomery
DATE FILED: 06/04/1997
CLASS PERIOD START: 06/25/1996
CLASS PERIOD END: 02/07/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hellmuth & Johnson, P.A.
    10400 Viking Dr. Suite 560, Hellmuth & Johnson, P.A., MN 55344
    952.941.4005 952.941.2337 ·
  2. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  3. Reinhardt, Wendorf & Blanchfield Attorneys at Law
    E-1000 First National Bank Building, 332 Minnesota Street, Reinhardt, Wendorf & Blanchfield Attorneys at Law, MN 55101
    800.465.1592 651.297.6543 · info@ralawfirm.com
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